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This regulatory change comes at a time when alarming statistics regarding mortgage fraud are surfacing. According to CoreLogic, the risk of mortgage fraud has surged, increasing by over 12% year-over-year by the second quarter's end. The analysis suggests that one in every 109 mortgage applications reveals signs of fraud. This resurgence in dishonest practices echoes concerns from the past, particularly as memories of the financial crisis loom large on the horizon.